Story perspectives

New Zealand Blasts India's Trade Deal as Unfair

12/24/2025

Summary

Story summary

New Zealand's Foreign Minister Winston Peters criticized the India free trade agreement (FTA) as 'neither free nor fair' for not protecting dairy or including milk and cheese.
Peters said the immigration provisions give more access to Indian workers than those in agreements with Australia and the United Kingdom.
He acknowledged the importance of maintaining a strong relationship with India.
The FTA is set to be finalized within three months and implemented in 2026.

History

Historical Context

India's economic liberalization began in 1991, transitioning from a closed economy to one focused on global trade, leading to significant agreements with countries like Australia and the UK. New Zealand's Foreign Minister Winston Peters recently criticized the India FTA for inadequate dairy protections, highlighting ongoing agricultural trade tensions that could impact future negotiations in the Asia-Pacific region.

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Story summary

New Zealand's Foreign Minister Winston Peters criticized the India free trade agreement (FTA) as 'neither free nor fair' for not protecting dairy or including milk and cheese.
Peters said the immigration provisions give more access to Indian workers than those in agreements with Australia and the United Kingdom.
He acknowledged the importance of maintaining a strong relationship with India.
The FTA is set to be finalized within three months and implemented in 2026.

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